Apple Reveals 2013 First Quarter Financial Results


Apple has just unveiled the financial results for its 13-week fiscal 2013 first quarter, which ended on December 29, 2012. The Cupertino Company posted record quarterly revenue of $54.5 billion and highest ever quarterly net profit of $13.1 billion, or $13.81 per diluted share, compared to the 14-week year-ago quarter, when Apple revealed the revenue of $46.3 billion and net profit of $13.1 billion. As for the gross margin, it was 38.6 % compared to 44.7 % in the year-ago quarter, with the international sales accounting 61% of the quarter’s revenue.

Based on the figures above, the average weekly revenue accounted $4.2 billion in the quarter paralleled with $3.3 billion in the year-ago quarter.

The number of iPhones sold reached a record 47.8 million in the quarter, compared to 37 million in the previous quarter. As for the iPads - a record 22.9 million devices were sold, compare to 15.4 million in the year-ago quarter. Apple also sold 4.1 million Macs and 12.7 million iPods, compared to 5.2 million and 15.4 million devices in the previous quarter.

A cash dividend of $2.65 per share of Apple's common stock has also been declared by Apple’s Board of Directors, payable on February 14, 2013, to shareholders of record as of the close of business on February 11, 2013. Tim Cook, Apple’s CEO commented:

“We’re thrilled with record revenue of over $54 billion and sales of over 75 million iOS devices in a single quarter. We’re very confident in our product pipeline as we continue to focus on innovation and making the best products in the world.

Peter Oppenheimer, Apple’s CFO, said:”We’re pleased to have generated over $23 billion in cash flow from operations during the quarter. We established new all-time quarterly records for iPhone and iPad sales, significantly broadened our ecosystem, and generated Apple’s highest quarterly revenue ever.”

Apple will make live streaming of its Q1 2013 financial results conference call available, beginning at 2:00 p.m. PST on January 23, 2013. For detailed information, click here .

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